CO129-623-4 Supplementary Expenditure- includes an annual report for the year ending March 1950 1-12-1950 - 30-11-1951 — Page 141

152 -

STATEMENT OF BALANCES (EXCLUDING SPECIAL FUNDS ETC. DEPOSITED IN THE PUBLIC TREASURY) ON 31ST MARCH, 1950.

LIABILITEES:

DEPOSITS:-

Colonial Development & Welfare Schemes Contractors

257,215.36

626,891.00

Government Servants

1,882,392.55

Land Sal

1,062,381.00

1941 Advances Recorared

2,921,312.04

Other Administrations

4,440,881.70

Refund of Relief Loans (China)

2,636,351.10

Water Deposita

2,405,356.84

20,824,314.28

Miscellaneous.***

5,057,802.86

21,289,584.44

54,072,815.75

SUSPENSE:-

74,897,130.03

General Revenue Balance.

Balance at 31st March, 1949... $ 72,143,683.25

Revenue 1949/50

$264,250,542.76

Expenditure 1949/50

182,121,725.84

Add Surplus 1949/50.........................

Deduct Depreciation of

Investmenta

Balance at 81st March, 1960 $154,152,842.57

$ 82,328,816.92

$164,272,500.17

119,667.60

72,143,689.26

GENERAL REVENUE BALANCE:

147,040,813.28

THE TREASURY,

Hong Kong, 21st August, 1960.

221

APPENDIX VIIL

153

—

ASSETS:

31st March, 1940.

STATEMENT OF PUBLIC DEBT AND SINKING FUNDS AS AT 31ST MARCH, 1950.

Sinking Funds

Designation of Loan.

Legal Authority.

Amount Outstanding-

at Market Value

REMARKS.

#

$

ADVANCES:-

on 31.3.60.

3

$

Currency Fund

Other Administrations

Pending Raising of Lean

Personal EULERGIA

313,513.99

878,451.72

59,434,976,88

8,000,000.00

Hong Kong đột Can- version Loan, 1983

Ordinance No. 16 of 1938

$

4,838,000

$

す

3,716,057.67

1,828,765.90

37,662,668.19

Miscellaneous

50,781,807.28 IMPRESTS:

708,472,24

855,995.28

701,689.15

Hong Kong 34% Dollar

Loan, 1834

Ordinance No. 11 of 1934

5,500,000

SUSPENSE:

72,021,391.70

62,191,410.06

388.85

23,332,078.14

618,850.45

10,036.00

39,613,422.42

Hong Kong 31% Dollar

Loan, 1940

Ordinance No. 11 of 1934

7,546,000

85,523,855.05

98,425,432.11

Hong Kong 31%

Rehabilitation Loan. 1947/48

Ordinance No. 48 of 1947

49.450.000

5,427,992.27

INVESTMENTS AT MARKET VALUE:

CASH BALANCES:—

3,661,020.00

Hong Kong & Shanghai Bank

31,974,815.86

Accountant General

Crown Agents

Joint Colonial Fund

Fixed DeposĪTA

2,873,587.80

891.67

$3,200,000.00

Raised in 1933; redeemable 1963. Contributions to the Sinking Fund are made annually at the rate of 3.45% per annum, Interest is payable on the 1st February and

1st August each year.

Repayment annually at the rate of 1/25th of the total face value of $14,000,000 of the bonds issued.

The total amount raised was $11,790,000 which is redeemable annually at the rate of 1/25th of the total.

The Ordinance provides for the raising of $150 million of which $50 million has so far been raised. The loan is repayable not earlier than 1973 and not later than 1978. Provision is made for contributions to

Sinking Fund at not less than 15 på Interest is payable on the 16th January Bonds to the and 15th July each year. value of $560,000 were purchased by Government for cancellation in March, 1956.

37,549,295,32

Total

$

$7,434,000

9,144,049.94

50,000,000.00

141,210,315.32

DEDUCT:-

Examined.

THE TREASURY,

Hong Kong, 21st August, 1960.

P. H. JENNINGS.

Director of Audit.

27th November, 1950.

R. C. LEMMON,

Accountant General.

Balances of Special Funds, etc. as per Appendix VI.

560,038.10

154,162,842.57

228,174,234.27

Examined.

P. H. JENNINGS,

Director of Audit.

#7th November, 1950.

140,660,379.22

58,616,381.17

226,174,234.27

147,040,813.28

R. C. LEMMON, Accountant General.

222